Several other brokerages have also recently weighed in on VICR. Zacks Investment Research upgraded SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, July 5th. CJS Securities started coverage on Vicor in a report on Monday, June 10th. They set a “buy” rating and a $40.00 target price on the stock. Northland Securities restated a “buy” rating and set a $130.00 target price on shares of iRobot in a report on Wednesday, April 24th. Finally, ValuEngine cut Viewray from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $38.33.
Shares of Vicor stock opened at $31.02 on Friday. The firm has a market cap of $1.22 billion, a PE ratio of 39.77 and a beta of 0.73. The business’s 50 day moving average is $30.70. Vicor has a 1-year low of $27.82 and a 1-year high of $64.50.
Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 23rd. The electronics maker reported $0.10 earnings per share for the quarter. The business had revenue of $65.73 million for the quarter, compared to analysts’ expectations of $61.00 million. Vicor had a return on equity of 18.08% and a net margin of 10.99%. As a group, equities research analysts expect that Vicor will post 0.55 earnings per share for the current year.
In other news, Director H Allen Henderson sold 1,886 shares of Vicor stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $37.07, for a total transaction of $69,914.02. Following the sale, the director now owns 2,105 shares of the company’s stock, valued at approximately $78,032.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Samuel J. Anderson sold 5,000 shares of Vicor stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $36.06, for a total transaction of $180,300.00. Following the sale, the director now directly owns 10,223 shares in the company, valued at approximately $368,641.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,886 shares of company stock worth $433,014. Corporate insiders own 56.06% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Neuburgh Advisers LLC raised its position in shares of Vicor by 115.8% during the 4th quarter. Neuburgh Advisers LLC now owns 1,968 shares of the electronics maker’s stock valued at $74,000 after buying an additional 1,056 shares during the period. Quantamental Technologies LLC raised its position in shares of Vicor by 44.9% during the 1st quarter. Quantamental Technologies LLC now owns 2,881 shares of the electronics maker’s stock valued at $89,000 after buying an additional 893 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Vicor by 1,714.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,810 shares of the electronics maker’s stock valued at $118,000 after buying an additional 3,600 shares during the period. LS Investment Advisors LLC raised its position in shares of Vicor by 6.6% during the 1st quarter. LS Investment Advisors LLC now owns 4,583 shares of the electronics maker’s stock valued at $142,000 after buying an additional 285 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Vicor during the 4th quarter valued at approximately $176,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.
Vicor Company Profile
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.
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